Swedish carmaker Saab could get a bridge loan from the state to smooth the transition to a new owner from current parent General Motors, a spokesman for Enterprise Minister Maud Olofsson said on Wednesday.
Full story...
Chrysler dealers scheduled to shut down on June 9 say they are using all available options to get rid of new vehicles -- while they're still allowed to sell the cars to customers.
Full story...
Ssangyong has said that unionised workers at its Pyeongtaek plant have stopped work to protest against layoffs.
Full story...
AvtoVAZ has said that it is planning to cut production in June as orders continue to fall.
Full story...
Chrysler Financial is resuming discounted loan rates for Chrysler LLC vehicles, beginning with a 0 percent offer for some 2008 models.
Full story...
Personal-injury and other lawyers are warning that if they can't sue Chrysler LLC in the future, they'll go after the bankrupt automaker's dealers and suppliers.
Full story...
In today's News Brake: We see a rockin' turbo in the Scirocco; the ruling is in on Ferrari v. the FIA, and the Touareg slims down...But Wait, There's More!
Full story...
In today's News Brake: We see a rockin' turbo in the Scirocco; the ruling is in on Ferrari v. FIA, and the Toureg slims down...But Wait, There's More!
Full story...
California is planning the next stage of clean-car standards even as President Obama announces federal plans based on the state's model, its top climate change official said on Tuesday.
Full story...
Magna International aims to create a European-Russian automaker that produces up to 5 million cars a year, German daily Rheinische Post said, citing company sources.
Full story...
Fiat CEO Sergio Marchionne is convinced that a merger of Fiat Group's car business with Opel is the best chance of survival for General Motors' German subsidiary.
Full story...
RHJ International has historically invested heavily in Japan and also focused on the automotive parts sector. It has expressed an interest to diversify geographically, particularly in Europe.
Full story...
GM Canada, whose 27 April operating plan included a dealer reduction of about 42%, said it advised dealers on Wednesday "of the specifics of our network consolidation plan, including the identification of dealers whose sales and service agreement would not be renewed following expiry in October 2010".
Full story...
Cooper-Standard Holdings has reported a US$55m net loss for the first quarter, compared to net income of $15.7m for the same period of 2008, due to significantly lower sales, increased restructuring and reorganisation costs and unfavourable foreign exchange.
Full story...
Dealers who object to Chrysler LLC's termination of their franchises are using personal stories to buttress their case. The Committee of Chrysler Affected Dealers filed a motion yesterday objecting to Chrysler's proposed asset sale and asking the U.
Full story...
Dealers who object to Chrysler LLC's termination of their franchises are using personal stories to buttress their case. The Committee of Chrysler Affected Dealers filed a motion yesterday objecting to Chrysler's proposed asset sale and asking the U.
Full story...
Fuji Heavy Industries has launched a redesigned, bigger and more powerful Subaru Legacy car line as company president Ikuo Mori said the automaker was planning to launch a hybrid as early as 2011 to meet stricter environmental regulations.
Full story...
With much of the running for greater collaboration between BMW and Daimler coming from Stuttgart, some analysts believe that BMW's reluctance to get closer to its arch rival is misplaced.
Full story...
Skoda has won an internal Volkswagen Group tender to produce a range of transmissions for a new small family car.
Full story...
Schaeffler has confirmed it is considering a plan that could see it merge with Continental as the junior partner, reversing last year's massive debt-incurring bid to take over its far bigger rival.
Full story...
The latest auto news, reviews, prices, product and vehicle releases.